Paltalk, Inc. (NASDAQ:PALT) Short Interest Down 20.6% in December

Paltalk, Inc. (NASDAQ:PALT) was the target of a large decline in short interest in December. As of December 15th, there was short interest totalling 25,800 shares, a decline of 20.6% from the November 30th total of 32,500 shares. Based on an average trading volume of 53,800 shares, the short-interest ratio is currently 0.5 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Investors Weigh In On Paltalk

A hedge fund recently bought a new stake in Paltalk stock. GSA Capital Partners LLP bought a new position in Paltalk, Inc. (NASDAQ:PALT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 20,000 shares of the company’s stock, valued at approximately $65,000. GSA Capital Partners LLP owned approximately 0.22% of Paltalk as of its most recent SEC filing. Institutional investors and hedge funds own 3.88% of the company’s stock.

Paltalk Stock Performance

Shares of NASDAQ:PALT traded up $0.01 during midday trading on Tuesday, hitting $1.99. 90,772 shares of the stock were exchanged, compared to its average volume of 82,865. The business’s fifty day simple moving average is $1.89 and its two-hundred day simple moving average is $3.04. Paltalk has a 52-week low of $1.52 and a 52-week high of $5.50. The company has a market capitalization of $18.38 million, a PE ratio of -5.85 and a beta of 0.86.

About Paltalk

Paltalk, Inc, together with its subsidiaries, develops communications software and multimedia social applications worldwide. It offers consumer applications, which include Paltalk, Camfrog, and Tinychat for live video chat; and owns and operates Vumber, a telecommunications services provider that enables users to have multiple phone numbers in any area code through which calls can be forwarded to a user’s existing cell phone or land line telephone number.